(VALE) - Analyzing Vale's Short Interest
Portfolio Pulse from Benzinga Insights
Vale's (NYSE:VALE) short percent of float has fallen 10.58% since its last report, with 41.44 million shares sold short, which is 0.93% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Vale. Compared to its peers, Vale has less short interest as a percentage of float, with an average of 4.37%.
July 11, 2023 | 2:15 pm
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Vale's short percent of float has decreased, indicating a more bullish sentiment. This could potentially lead to an increase in the stock's price in the short term.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer investors are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price in the short term. However, other factors also influence stock prices, so this is not a guaranteed outcome.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100